Bitcoin has returned to the center of market attention after prediction markets assigned nearly even odds that the cryptocurrency would fall below $50,000 before the end of 2026. The forecasts emerged after Bitcoin declined from approximately $71,300 to $66,500, leaving the asset more 30% below its 2026 high above $100,000. At the time of writing,
A monthly research report from Bitwise’s European arm published this week pegs bitcoin’s theoretical “fair value” at roughly $224,000 if the asset were widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team described the figure as a “model-implied illustrative figure, not a price target or forecast,” however. The figure stems from
Strategy’s (MSTR) recent bitcoin sale has had an outsized impact on market sentiment, but Wall Street bank Citi does not see the move as changing the company’s long-term strategy. The bank said the sale was anticipated after Strategy signaled plans to dispose of certain tax-disadvantaged bitcoin holdings during its first-quarter earnings call as part of
After briefly falling below $66,000 on Wednesday, bitcoin is trading near the bottom of the Power Law corridor, a level that has historically come shortly before rebounds in the price of the largest cryptocurrency. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price against time on a logarithmic scale
Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower. Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations
After several weeks of mounting pressure, Bitcoin’s [$BTC] latest breakdown pushed the market into a fresh wave of forced selling. The decline accelerated after the price lost the $70,607 support level, a zone that had previously supported multiple recovery attempts. Source: $BTC/USDT on TradingView Once that floor gave way, leveraged long positions became increasingly vulnerable,
Bitcoin ($BTC) surged above $82,000 in the first week of May, but this was short-lived. Since mid-May, factors such as rising geopolitical risks in the Middle East and increased ETF outflows have caused the $BTC price to fall to $65,000. An analyst who warned that the recent surge was a trap has now issued a
El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 $BTC worth more than $510 million. Key Takeaways: El Salvador’s bitcoin reserve sits near 7,600 $BTC, valued above $510 million as of June 3. The country kept adding coins through
Bitcoin price is testing the key $65,000 support zone after Iran’s retaliatory strikes against the U.S. spooked investors, with charts suggesting a deeper slide toward $60,000 if bears remain in control. According to data from crypto.news, Bitcoin ($BTC) fell 4.5% to an intraday low of $65,700 on Wednesday, June 3, before recovering to trade near